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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (32866)	2/24/2002 5:12:04 PM
From: ajtj99	Respond to of 99280

Syl, I believe those lines are OK for comparative analysis, but I do not agree that they are fundamentally accepted in technical analysis. An example of comparative analysis would be the charts we've seen that compare the 1929-1932 bear market with the progression of the Nasdaq since 2000. It is interesting, but I don't know how anyone could trade or make decisions based upon the overlay of the 1929-1932 chart and 2000-2002 chart. There are too many variables in overlaying charts and trendlines for it to be a valid trading tool, IMO. I agree it does make for interesting comparisons.

To: sylvester80 who wrote (32866)	2/24/2002 5:15:49 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 99280

One may be a logarythmic scale. I don't like log scale except for looking at truly massive percentage moves, like a 20 year dow chart. This is a chart I posted a while back showing the channels for the spx and ndx. notice how we have fallen away from breakout here. These are both linnear scale. marketswing.com